Report
Jio shares rise 21% on debut after India's biggest IPO
CNBC reports Jio raised $3.2 billion in an offering that was oversubscribed 22 times.
TLDR
Jio raised $3.2 billion in India's biggest IPO, and its shares rose 21.4% on their October 28 trading debut, CNBC reports. TechCrunch reported on October 14 that Jio planned to use most of the proceeds to repay debt as it expands beyond telecom.
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